ScanSource CEO Says Hesitation to Spend on Tech Ruined Deals -- Market Talk

Dow Jones

2025/01/31

1447 ET - ScanSource was counting on inking a few large deals in December, as its customers closed out business before their year-ends. Demand was soft, though, and companies were hesitant to spend on technology, CEO Mike Baur says on a call with analysts. As a result, the cloud-technology company missed out on several deals, resulting in lower profit and revenue during its fiscal 2Q. Shares fall 13%, to $43.48. (connor.hart@wsj.com)

(END) Dow Jones Newswires

January 30, 2025 14:47 ET (19:47 GMT)

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Shares fall 13%, to $43.48. (connor.hart@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 30, 2025 14:47 ET (19:47 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}